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DETAILED TIF /HIA FUND BUDGETS
<br />TIE 6 -1 MASTERPIECE HOMES (Fund 470) Amended
<br />2011 2012 2013 2014 2013
<br />Actual Actual Budget Budget Budget
<br />Revenues:
<br />interest $ 16,212 $ (8,815) $ 4,000 $ 9,800 $
<br />Total Revenue $ 16,212 $ (8,815) $ 4,000 $ 9,800 $
<br />Expenditures:
<br />Auditor $ 250 $ 250 $ 250 $ 250 $ 250
<br />interfund Loan 18,785 (8,739) 10,000 23,000 18,000
<br />County Admin Fee 998 268 800 50
<br />Engineer 175,000
<br />Contractor 520,000
<br />Consultants /Attorney 1,392 658 1,000 30,000
<br />Admin Costs transferred out 1,959 4,905 4,000 - 4,000
<br />Total Expenditures $ 23,384 $ (2,658) $ 15,250 $ 24,050 $ 747,300
<br />Net Increase (Decrease) $ (7,172) $ (6,157) $ (11,250) $ (14,250) $ (747,300)
<br />Beginning Fund Balance (35,962) (43,134) (49,291) (796,591) (49,291)
<br />Ending Fund Balance $ (43,134) $ (49,291) $ (60,541) $ (810,841) $ (796,591)
<br />Costs to be covered by an interfund loan with rates, amount and duration yet to be determined.
<br />The City will make more interest revenue on an interfund loan than it will if the money is invested externally.
<br />OWASSO /WOODLYN REDEVELOPMENT (Fund 474 - Non TIF) Amended
<br />2012 2013 2014 2013
<br />Actual Budget Budget Budget
<br />Revenues:
<br />Transfer - 350,000
<br />Total Revenue $ $ - $ - $ 350,000
<br />Expenditures:
<br />IFL Interest 9,500
<br />Engineer /Consultant /Attorney 1,410 - 3,000
<br />Total Expenditures $ 1,410 $ $ - $ 12,500
<br />Net Increase (Decrease) $ (1,410) $ $ $ 337,500
<br />Beginning Fund Balance (1,410) 336,090 (1,410)
<br />Ending Fund Balance $ (1,410) $ (1,410) $ 336,090 $ 336,090
<br />Land was purchased in 2013 for $666,070. $350,000 was transferred from Economic Development Fund.
<br />The rest of the land purchase costs were covered by an interfund loan from the Water /Sewer Capital Replacement Fund
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